EL SALVADOR LAUNCHES STABLECOIN APP ON BASE

Summary from the TLDR Crypto newsletter

Five years after mandating Bitcoin as legal tender, El Salvador is pivoting to stablecoins after BTC saw limited traction as a payment medium. The government is launching a digital dollar app built on Coinbase's Base network, targeting the remittance corridor where price stability matters more than the volatility Bitcoin carries. Remittances account for about 25% of El Salvador's GDP, making this a concrete test of whether stablecoin infrastructure can succeed where the BTC legal tender experiment stalled.